Nissan, Carlos Ghosn fined by US authorities for hiding pay

According to the SEC, the troubles for Nissan began in 2004 when it granted Carlos Ghosn, its then-CEO, the authority to set executive compensation, including his own. The commission believes between 2009 and his arrest in 2018, Ghosn "with substantial assistance from [director Greg] Kelly and subordinates at Nissan" hid US$90 million ($133 million) in pay from official filings, and increase Ghosn's retirement bonus by US$50 million ($74 million).

Comments

Popular posts from this blog

JLR: Consumer confidence on the rise post-election

Teacher accused of using rented Toyota Supra for land-speed record attempt

Honda confirms NSX successor in the works

Donald Trump’s Lamborghini Diablo sets new auction price record

How many cupholders are too many? | Drive Flashback

New Norweld tray revealed for popular utes

Tesla cars to be banned from Chinese government buildings amid security fears — report

Which country has the most electric cars in the world?

Europe’s vehicle emissions haven’t changed in more than a decade, say officials

2024 Toyota LandCruiser 70 Series facelift spy photo